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Two of five accused continue to face charge in £11 million money laundering trial

A COURT judge has discharged the jury from reaching the verdicts for three of the five accused in a £11-million money laundering trial.

A decision by Judge Robert Brown last week stopped the trial against the trio, all of who denied conspiracy to transfer property illegally between 2011 and 2016.


The judge officially discharged them from reaching any verdicts relating to the three.

The three accused are, Moushaiben Chauhan, 52, of Blaby and Belgrave residents Jignasha Jignasha, 56, and Pancasbhai Deugi, 52, who are no longer involved in the proceedings.

All three, who still reject all allegations raised against them in the case, are expected to face standing trial in the future.

The trio is involved in the on-going Leicester Crown Court trial against businessman Chauhan Yogendrasinh, 55.

Yogendrasinh is the director of the alleged money laundering firm, Rushi Investments, based in Belgrave.

The Blaby resident has denied allegations related to transfer of illegal property between 2011 and 2016.

The prosecution alleges Yogendrasinh was running a professional money laundering business using a sham money transfer operation to process up to £11m of criminal cash.

Yogendrasinh was allegedly responsible for huge sums of unexplained money being regularly sent to foreign lands, based on purported income from non-existent customers and fake invoices to make it appear legal.

The prosecutor has now offered no evidence on the same case against Bhavesh Suclo, 40, of Belgrave.

The duo is still facing a trial on a second charge, of conspiring to convert criminal property, in relation to the purchase of a property.

The duo has also denied the second charge. The defence case for Yogendrasinh and Suclo will proceed next week.

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David Tilak brings more than 25 years of experience in strategic financial roles across various businesses.

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LSL Property Services appoints David Tilak as chief financial officer and executive board director

Highlights

  • David Tilak appointed CFO and executive board director from 12 January,2026.
  • Brings 25 years' experience from Serco, Imperial Brands and General Electric.
  • Move follows extensive search to strengthen financial leadership.

LSL Property Services plc has appointed David Tilak as chief financial officer and executive board director, effective12 January ,2026 as the UK property services group seeks to drive growth and shareholder value.

Tilak will join LSL from Serco Group PLC, where he currently serves as group finance director, a position he has held since October 2024. In his current role, he is responsible for driving operational performance, internal and external reporting, and fiscal controls at one of the UK's largest public services providers.

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